All Forum Posts by: Chris R.

Very helpful. Thanks for the insights.  

Hi BP, I have a duplex that I inherited two sets of washer and dryers. The set that is hooked up to my unit (house hacking), is old and broken. I plan to get a coin operated machine as I'll be moving out next year and renting from here. Few questions: 

1. Speed Queen seems to be the best coin operated washer for this type of rental? Any other's I should consider?

2. What are folks experience with used/refurbished Speed Queen machines? 

3. Have folks purchased refurbished machines from Laundry Solutions: https://www.123laundryshop.com...? If so, what's been the experience? 

4. I'm debating on switching out my current tenant's washing machine with the coin operated one and hooking their machine to my electrical box.. However, I'm hesitant as I don't want to create potential unnecessary friction that may lead to headaches. Note, there's nothing in the lease regarding laundry. Thoughts? 

Appreciate the insights! 

Chris

Hi BP - I'm looking for a reputable Contractor to remodel a two bathrooms and a kitchen in Somerville. Any recommendations? 

Thanks!

Hi All, Does anyone know how much replacing the main waterline to connect to the City's water would cost? This would be for a Duplex, 4&1, 2&1. Thanks. 

HI @Brad Jacobson, Good thinking and something I've been trying to figure out however no luck yet. I'll keep looking. 

Thanks,

Chris

Hello all, I'm new to investing and have been looking for my first deal for the last 3-4 months however haven't found the right one. I'm looking in the Boston and surrounding areas, which is extremely competitive, expensive and challenging to find a multi that will cashflow out of the gates as is. For most places I'm looking at I'll need to do light rehab (paint/floors) or more extensive; adding bed-rooms to stabilize the property to see the returns I'm looking for. But this can get expensive. 

I'll need to finance the purchase and having trouble finding less than 20-25% down (not owner occupied), eats up capital. I'd rehab the property with what I have left over, increasing value. However I'm not connecting the dots on how I can get cash out of the property once the rehab is complete in this scenario. A refi, I'd have to leave more in to keep the 20-25% down? What am I missing? Or is eating the rehab costs my best option here?

Any thoughts / ideas on a strategy? Thanks!